Privatizing Africa's Infrastructure

Privatizing Africa's Infrastructure

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This paper examines the promise and challenge of infrastructure privatization in sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail, ports and airports. The paper places primary emphasis on mobilizing private investment in infrastructure. To realize the potential of infrastructure privatization in sub-Saharan Africa, four main challenges must be addressed: a) concerns over market size, affordability and payment risks; b) establishing adequate legal and regulatory frameworks; c) dealing with non commercial risks; and d) mobilizing local finance. The paper examines these four areas and gives elements of a future strategy for the World Bank Group.Box 5.4: How a Portfolio Fund Stimulated a Stock Market a€” Mauritius ln the early 1990s the Mauritius government took steps to level ... investors to invest in the market through a single portfolio fund that would be the exclusive vehicle for foreign investment for one year. ... Markets Fund (launched with US$30 million in 1993) has invested in an electricity distribution company in Kenya, Air Mauritius, andanbsp;...


Title:Privatizing Africa's Infrastructure
Author: Michel Kerf, Warrick Smith
Publisher:World Bank Publications - 1996-01-01
ISBN-13:

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